Developers target Jersey City's West Side with $19M purchase

By Terrence T. McDonald | The Jersey Journal The Jersey Journal
February 23, 2015 at  1:54 PM

JERSEY CITY -- Puccini's Restaurant, the famed Italian eatery and catering hall on the city's West Side, sold earlier this month along with six adjacent parcels for $19.5 million, The Jersey Journal has learned.

The purchase, by Amerestate Holdings, indicates that the housing boom in Journal Square, which has been pushing real-estate prices up by double digit percentages in the heart of the city, is pushing further west.

The seven properties -- including Puccini's, a vacant textile factory and an apartment building -- sit on four acres adjacent to railroad tracks that lead to the PATH transportation hub. Though not technically in Journal Square, the properties are less than one half mile west of the PATH station, a roughly 10-minute walk.

Read more:  http://www.nj.com/hudson/index.ssf/20 ... _west_side_with_19_m.html